Jesús Huerta de Soto presents at The Peruvian Central Bank! (opens in new tab)

At the Central Bank of Peru, Austrian economist Jesús Huerta de Soto delivers a fiery lecture challenging the foundations of modern central banking, fractional-reserve banking, fiat money, macroeconomics, and state intervention\. In this explosive talk, Huerta de Soto argues that economic crises are not failures of the free market, but the result of monetary manipulation, credit expansion, and central bank intervention\. He traces the problem back to the Bank Charter Act of 1844, fractional-r...